trực tiếp bóng đá hôm nay euroShall overpaid VAT be refunded to taxpayers in Vietnam?

Shall overpaid VAT be refunded to taxpayers in Vietnam?

Under the provisions of Article 25Circular 80/2021/TT-BTCon the settlement of overpaid tax, late payment interest trực tiếp bóng đá hôm nay euro fines:

Settlement of overpaid tax, late payment interest trực tiếp bóng đá hôm nay euro fines

1. Overpaid tax, late payment interest or fine (hereinafter referred to as "overpaid amount") specified in Clause 1 Article 60 of the Law on Tax Administration shall be handled as follows:

a) Offsetting against the outstanding tax, late payment interest, fines (hereinafter referred to as "debts") or offset against tax, late payment interest, fines payable next time (hereinafter referred to as "new amounts payable") in the following cases:

a.1) Offset against the taxpayer's debts that belong to the same category trực tiếp bóng đá hôm nay euro area as those of the overpaid amount.

a.2) Offset against the taxpayer's new amount payables that belong to the same category trực tiếp bóng đá hôm nay euro area as those of the overpaid amount.

...

b) Refund, refund combined with budget offsetting

In case the overpaid amount cannot be completely offset according to Point a of this Clause or the taxpayer does not have any debt, the taxpayer may submit an application for refund or refund combined with state budget offsetting in accordance with Article 42 of this Circular. The overpaid amount will be refunded when the taxpayer has no debt.

Taxpayers who have overpaid VAT will receive a refund.

Shall overpaid VAT be refunded to taxpayers in Vietnam? (Image from the Internet)

What is the application form for the VAT refund in Vietnam?

The application form for the VAT refund is Form No. 01/HT Appendix 1 issued together withCircular 80/2021/TT-BTCas follows:

Download the application form for the VAT refund:Download

What are the objects subject to VAT in Vietnam?

Under Article 3 of theLaw on VAT 2008on taxable objects:

Taxable objects

Goods trực tiếp bóng đá hôm nay euro services used for production, trading or consumption in Vietnam are subject to value-added tax, except those specified in Article 5 of this Law.

Thus, objects subject to VAT in Vietnam aregoods trực tiếp bóng đá hôm nay euro services used for production, trading or consumption in Vietnam(including goods trực tiếp bóng đá hôm nay euro services purchased from organizations trực tiếp bóng đá hôm nay euro individuals abroad), except for the following non-taxable objects:

-Cultivation trực tiếp bóng đá hôm nay euro husbandry products, trực tiếp bóng đá hôm nay euro reared trực tiếp bóng đá hôm nay euro fished aquatic products which have not yet been processed into other products or have been just preliminarily processed trực tiếp bóng đá hôm nay euro sold by producing trực tiếp bóng đá hôm nay euro fishing organizations trực tiếp bóng đá hôm nay euro individuals, trực tiếp bóng đá hôm nay euro products at the stage of importation.

- Products which are animal breeds trực tiếp bóng đá hôm nay euro plant varieties, including breeding eggs, breeding animals, seedlings, seeds, sperms, embryos trực tiếp bóng đá hôm nay euro genetic materials.

- Irrigation trực tiếp bóng đá hôm nay euro drainage; soil ploughing trực tiếp bóng đá hôm nay euro harrowing; dredging of intra-field canals trực tiếp bóng đá hôm nay euro ditches for agricultural production; services of harvesting farm produce.

- Salt products made of seawater, natural rock salt, refined salt trực tiếp bóng đá hôm nay euro iodized salt.

- State-owned residential houses sold by the State to current tenants.

- Transfer of land use rights;

- Life insurance, student insurance, insurance on domestic animals, insurance on plants trực tiếp bóng đá hôm nay euro reinsurance.

- Credit provision services; securities trading; capital transfer; derivative financial services, including interest-rate swap contracts, forward contracts, futures contracts, call or put options, foreign currency sales, trực tiếp bóng đá hôm nay euro other derivative financial services as prescribed by law.

- Healthcare trực tiếp bóng đá hôm nay euro animal health services, including medical examination trực tiếp bóng đá hôm nay euro treatment trực tiếp bóng đá hôm nay euro preventive services for humans trực tiếp bóng đá hôm nay euro domestic animals.

- Public post trực tiếp bóng đá hôm nay euro telecommunications trực tiếp bóng đá hôm nay euro universal Internet services under the Governments programs.

- Public services on sanitation trực tiếp bóng đá hôm nay euro water drainage in streets trực tiếp bóng đá hôm nay euro residential areas; maintenance of zoos, flower gardens, parks, street greeneries trực tiếp bóng đá hôm nay euro public lighting; funeral services;

- Renovation, repair trực tiếp bóng đá hôm nay euro construction of cultural, artistic, public service trực tiếp bóng đá hôm nay euro infrastructure works trực tiếp bóng đá hôm nay euro residential houses for social policy beneficiaries, which are funded with peoples contributions or humanitarian aid.

- Teaching trực tiếp bóng đá hôm nay euro vocational training as provided for by law.

- State budget-funded radio trực tiếp bóng đá hôm nay euro television broadcasting.

- Publication, import trực tiếp bóng đá hôm nay euro distribution of newspapers, journals, specialized bulletins, political books, textbooks, teaching materials, law books, scientific-technical books, books printed in ethnic minority languages as well as propaganda postcards, pictures trực tiếp bóng đá hôm nay euro posters, including those in the form of audio or visual tapes or discs or electronic data; money printing.

- Mass transit by bus trực tiếp bóng đá hôm nay euro tramcar.

- Machinery, equipment trực tiếp bóng đá hôm nay euro supplies which cannot be manufactured at home trực tiếp bóng đá hôm nay euro need to be imported for direct use in scientific research trực tiếp bóng đá hôm nay euro technological development activities; machinery, equipment, spare parts, special-purpose means of transport trực tiếp bóng đá hôm nay euro supplies which cannot be manufactured at home trực tiếp bóng đá hôm nay euro need to be imported for prospecting, exploring trực tiếp bóng đá hôm nay euro developing oil trực tiếp bóng đá hôm nay euro gas fields; aircraft, drilling platforms trực tiếp bóng đá hôm nay euro ships which cannot be manufactured at home trực tiếp bóng đá hôm nay euro need to be imported for the formation of enterprises fixed assets or which are hired from foreign parties for production trực tiếp bóng đá hôm nay euro business activities or for lease.

- Special-purpose weapons trực tiếp bóng đá hôm nay euro military equipment for security trực tiếp bóng đá hôm nay euro defense purposes.

- Goods imported as humanitarian aid or non-refundable aid; gifts for state agencies, political organizations, socio-political organizations, socio-political-professional organizations, social organizations, socio-professional organizations or peoples armed forces units; donations or gifts for Vietnam-based individuals within the Government-prescribed quotas; belongings of foreign organizations trực tiếp bóng đá hôm nay euro individuals within diplomatic immunity quotas; trực tiếp bóng đá hôm nay euro personal effects within duty-free luggage quotas.

Goods trực tiếp bóng đá hôm nay euro services sold to foreign organizations or individuals or international organizations for use as humanitarian aid, trực tiếp bóng đá hôm nay euro non-refundable aid to Vietnam.

- Goods transferred out of border gate or transited via the Vietnamese territory; goods temporarily imported for re-export; goods temporarily exported for re-import; raw materials imported for the production or processing of goods for export under contracts signed with foreign parties; goods trực tiếp bóng đá hôm nay euro services traded between foreign countries trực tiếp bóng đá hôm nay euro non-tariff areas trực tiếp bóng đá hôm nay euro between non-tariff areas.

- Technology transfer under the Law on Technology Transfer; transfer of intellectual property rights under the Law on Intellectual Property; computer software.

- Gold imported in the form of bars or ingots which have not yet been processed into fine-art articles, jewelries or other products.

- Exported products which are unprocessed mined resources or minerals as prescribed by the Government.

- Artificial products used for the substitution of diseased peoples organs; crutches, wheelchairs trực tiếp bóng đá hôm nay euro other tools used exclusively for the disabled.

- Goods trực tiếp bóng đá hôm nay euro services of business individuals who have a monthly income lower than the common minimum salary level applicable to domestic organizations trực tiếp bóng đá hôm nay euro enterprises.

Establishments trading in non-taxable goods or services specified in this Article are not entitled to input value-added tax credit or refund, except the cases subject to the tax rate of 0% specified in Clause 1, Article 8 of theLaw on VAT 2008.